Starwood Property Trust, Inc. (STWD) to Issue Quarterly Dividend of $0.48 on April 15th

Starwood Property Trust, Inc. (NYSE:STWD) declared a quarterly dividend on Friday, March 13th. Stockholders of record on Tuesday, March 31st will be paid a dividend of 0.48 per share by the real estate investment trust on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a dividend yield of 11.3%. The ex-dividend date is Tuesday, March 31st.

Starwood Property Trust has a payout ratio of 94.6% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect Starwood Property Trust to earn $1.90 per share next year, which means the company may not be able to cover its $1.92 annual dividend with an expected future payout ratio of 101.1%.

Starwood Property Trust Trading Down 2.3%

Shares of NYSE:STWD opened at $17.05 on Friday. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.68 and a quick ratio of 1.68. The company’s 50-day moving average price is $17.93 and its two-hundred day moving average price is $18.41. The stock has a market capitalization of $6.32 billion, a PE ratio of 14.69, a price-to-earnings-growth ratio of 2.27 and a beta of 1.10. Starwood Property Trust has a one year low of $16.59 and a one year high of $21.05.

Starwood Property Trust (NYSE:STWD) last issued its quarterly earnings results on Wednesday, February 25th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.01. Starwood Property Trust had a return on equity of 8.16% and a net margin of 22.32%.The business had revenue of $492.95 million during the quarter, compared to analysts’ expectations of $469.53 million. During the same period in the previous year, the company posted $0.48 earnings per share. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. On average, equities analysts forecast that Starwood Property Trust will post 1.88 EPS for the current fiscal year.

Starwood Property Trust declared that its board has authorized a stock repurchase program on Thursday, February 26th that permits the company to buyback $400.00 million in outstanding shares. This buyback authorization permits the real estate investment trust to purchase up to 6.1% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

About Starwood Property Trust

Starwood Property Trust (NYSE: STWD) is a publicly traded real estate investment trust that specializes in originating, acquiring and managing commercial mortgage loans and other real estate-related investments. The company’s portfolio spans a variety of asset classes, including senior mortgages, mezzanine debt, preferred equity and direct equity investments in commercial properties. By focusing on both debt and equity capital solutions, Starwood Property Trust seeks to generate attractive risk-adjusted returns for its shareholders through a combination of current income and capital appreciation.

Operating primarily in the United States, Starwood Property Trust deploys capital across a broad range of property types, such as multifamily residential, office, retail, hotel and industrial.